Bearish Positioning in the Future

Today was an okay day for me. The worst position I had was a covered call in JCP, and the best position was a short put VXX. Most of my screen was red throughout the day, and I saw okay movement. Today did seem a little light in volume because a few of my orders were very hard to fill, and there is no way some of them will fill from when I am writing this (3:58 ET). The European holiday did have more of a effect than I thought. I found it interesting that small caps were the weakest, the Dow is leading, and boring stocks are the strong ones this year (JNJ,MCD,K). This simply proves that there was a good amount of fear this year. It is only a period of time till the markets start falling. We actually may see some flow to the "hot" names (AAPL, FB, AMZN,ZNGA) during the fall. Those might be the best longs as some of them were very weak in the last year. Overall, I am looking for some downside movement, but my delta beta weighted to the SPY is 8.00. I recommend just keeping time decay in your favor as this market is very tough, and these tough markets could continue. Remember it is the strategy that matters not the direction.